Schwab executive exercises options, sells shares

Dennis Howard, MD and Chief Technology, Operations & Data Officer of Schwab Charles Corp, exercised nonqualified stock options for 28,000 shares of common stock at an exercise price of $64.10 per share on July 28, 2026.

Rhea-AI Filing Summary

Dennis Howard, MD and Chief Technology, Operations & Data Officer of Schwab Charles Corp, exercised nonqualified stock options for 28,000 shares of common stock at an exercise price of $64.10 per share on July 28, 2026. He received 28,000 shares of common stock and on the same date sold 28,000 shares at a weighted average price of $105.0094 per share in multiple trades between $105.00 and $105.025, pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025.

Following the option exercise, 56,000 option shares remained outstanding from this grant, which was issued under the company’s 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

Insider Trade Summary 10b5-1

Exercise and Sale: 28,000 shares ($1.15M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Howard Dennis

Role MD, Chief Tech, OPS & Data Off

Sold 28,000 shs ($2.94M)

Approx. gross sale proceeds $2.94M

Approx. exercise cost $1.79M

Approx. pre-tax spread $1.15M

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy) F3	28,000	$0.00	$0.00
Exercise	Common Stock	28,000	$64.10	$1.79M
Sale	Common Stock F1, F2	28,000	$105.0094	$2.94M

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 56,000 contracts (Direct); Common Stock — 10,470 shares (Direct)

Footnotes (3)

1. F1. This transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
2. F2. This transaction was executed in multiple trades at prices ranging from $105.00 to $105.025. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
3. F3. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

Key Figures

Options exercised: 28,000 shares Exercise price: $64.10 per share Shares sold: 28,000 shares +4 more

7 metrics

Options exercised 28,000 shares Nonqualified stock options converted into common stock on 2026-07-28

Exercise price $64.10 per share Exercise price of the nonqualified stock option

Shares sold 28,000 shares Common stock sold on 2026-07-28 following the option exercise

Weighted average sale price $105.0094 per share Weighted average price; trades ranged from $105.00 to $105.025

Remaining option shares 56,000 shares Option shares remaining after the reported exercise

Rule 10b5-1 plan adoption date November 25, 2025 Trading plan governing the reported share sale

Option expiration date 2031-03-01 Expiration of the nonqualified stock option grant

Key Terms

Nonqualified Stock Option, Rule 10b5-1 trading plan, weighted average sale price, 2013 Stock Incentive Plan

4 terms

Nonqualified Stock Option financial

"Security title listed as "Nonqualified Stock Option (right to buy)""

A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.

Rule 10b5-1 trading plan regulatory

"This transaction was affected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sale price financial

"The price reported reflects the weighted average sale price"

2013 Stock Incentive Plan financial

"The option was granted under the company's 2013 Stock Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SCHW executive Dennis Howard report?

Dennis Howard exercised options for 28,000 shares of Schwab Charles Corp common stock at $64.10 per share, then sold 28,000 shares the same day at a weighted average price of $105.0094 in open-market transactions.

How many shares did SCHW insider Dennis Howard sell and at what price?

Dennis Howard sold 28,000 shares of Schwab Charles Corp common stock at a weighted average price of $105.0094 per share, with individual trade prices ranging from $105.00 to $105.025 on July 28, 2026.

What options did SCHW executive Dennis Howard exercise in this transaction?

He exercised 28,000 nonqualified stock options for Schwab Charles Corp common stock at an exercise price of $64.10 per share, from a grant under the 2013 Stock Incentive Plan that vested in four equal annual installments.

Did the SCHW insider sale occur under a Rule 10b5-1 trading plan?

Yes. The sale of 28,000 shares by Dennis Howard was effected pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025, indicating the trades were pre-arranged rather than discretionary on the trade date.

How many Schwab Charles Corp options does Dennis Howard retain after this exercise?

After exercising options for 28,000 shares, Dennis Howard had 56,000 option shares remaining from this particular nonqualified stock option grant, which is scheduled to expire on March 1, 2031.

What role does Dennis Howard hold at SCHW and what type of security was involved?

Dennis Howard serves as MD, Chief Technology, Operations & Data Officer of Schwab Charles Corp. The transaction involved a Nonqualified Stock Option to purchase common stock, which was exercised and followed by a sale of common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/30/2026 - 07:43 PM Accepted by SEC EDGAR 07/30/2026 - 07:43 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Howard Dennis

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TEXAS 76262

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, Chief Tech, OPS & Data Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/28/2026		M		28,000	A	$64.1	38,470	D
Common Stock	07/28/2026		S(1)		28,000	D	$105.0094(2)	10,470	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonqualified Stock Option (right to buy)	$64.1	07/28/2026		M			28,000	(3)	03/01/2031	Common Stock	28,000	$0	56,000	D

Explanation of Responses:

1. This transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.

2. This transaction was executed in multiple trades at prices ranging from $105.00 to $105.025. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	07/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)